2016 Workers’ Compensation Rate Hike

The good news: It was not a 20 percent rate hike as previously proposed. The “eh” news: The rate hike was 14.5 percent and takes effect on December 1 of this year. The rate hike has had a fraught history since its introduction in May, and needed a revision based largely on two interim court […]

Understanding Worker’s Compensation in Florida

Worker’s compensation is a tricky subject for any location and any industry, but in Florida it can be particularly difficult. Statutes particular to this great state add a level of complexity when accounting for everything from your industry to the number of employees on your payroll. Defining “employee” can even be difficult for a new […]

Florida Worker’s Compensation Rates Drop: What Does It Mean for You?

In August of 2014, the National Council on Compensation Insurance (NCCI) commended a 2.5 percent decrease in worker’s compensation rates. Two months later, cutting close to a further one percent increase was seen as not only feasible, but justified. Claims Journal reported that this could save insurers more than $25 million per year in hospital […]